Iberdrola (OTCMKTS:IBDRY) Sees Large Volume Increase – What’s Next?

Iberdrola S.A. (OTCMKTS:IBDRY) saw unusually-strong trading volume on Friday . Approximately 97,254 shares traded hands during mid-day trading, an increase of 6% from the previous session’s volume of 91,713 shares.The stock last traded at $89.79 and had previously closed at $91.30.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Erste Group Bank downgraded shares of Iberdrola from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Iberdrola in a research note on Friday, February 27th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Iberdrola Price Performance

The company’s 50-day moving average price is $92.08 and its two-hundred day moving average price is $88.71. The company has a market cap of $150.48 billion, a P/E ratio of 21.94, a P/E/G ratio of 2.33 and a beta of 0.66. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 0.72.

Iberdrola (OTCMKTS:IBDRY) last issued its earnings results on Wednesday, April 29th. The utilities provider reported $1.15 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.04). Iberdrola had a return on equity of 9.88% and a net margin of 13.40%.The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.62 billion. As a group, sell-side analysts expect that Iberdrola S.A. will post 4.6 earnings per share for the current year.

About Iberdrola

Iberdrola, SA is a Spanish multinational electric utility headquartered in Bilbao that develops, produces and supplies electricity and related energy services. The company’s core activities span electricity generation across a diverse mix of assets, transmission and distribution network ownership and operation, and retail supply to residential, commercial and industrial customers. Iberdrola also offers energy management and digital solutions aimed at improving efficiency and integrating distributed and renewable resources.

Renewable energy is a central focus of Iberdrola’s business strategy, with significant investments in wind (onshore and offshore), hydroelectric and solar power and in the modernization of grids to accommodate increasing shares of intermittent generation.